The Future Project and Microsoft Nigeria have Opened Applications for Accelerate LABS

The Future Project, in partnership with Microsoft Nigeria, has officially announced the launch of Accelerate LABS, an initiative to bolster the country’s economic development through enterprise development and technology incubation.

Accelerate LABS will be activating the Small and Medium Scale Engine to accelerate economic development through enterprise development and technology incubation. The goal of the project is to equip 2,500 youths across the 6 Geo-political zones in Nigeria, by building socially inclined, high profit, and highly competitive enterprise capable of impacting the GDP.

Speaking during the launch, the Hakeem Adeniji-Adele, representing the Chief Technology Officer, Microsoft Nigeria, Ifeanyi Amah, stated Microsoft’s intention to further focus on supporting viable and scalable businesses that would spur economic growth in Nigeria.

Each geo-political zone would be represented by a host state that will serve as a hub to incubate these businesses. Accelerate LABS will be in three streams, with the training of the first stream starting this September, and covering a period of 3 months.

Each stream will include 3 weeks training session, 4 weeks mentoring session, 3 weeks research and practice and a demo day for pitching of business ideas to prospective investors.

“The Future Project is expanding on Accelerate LABS to build and empower young citizens that are willing to contribute to the development Nigeria. With the new businesses that will be supported through trainings and funds, there are immense opportunities to create jobs and also provide young entrepreneurs wider access to useful knowledge and strategies in building more successful businesses,” said Bukonla Adebakin, Deputy Chief Operating Officer, The Future Project.